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July 14, 2022

Contracts in LNG segment down 47% in June 2022

By Carmen

Contracts in the LNG segment registered a decrease in activity by 47% in June 2022 with a total of eight contracts, when compared with the previous month’s total of 15 contracts, according to GlobalData’s oil and gas contracts database.

A total of eight contracts were registered in the LNG liquefaction and regasification segment globally during the month, when compared with the last 12-month moving average of 16 contracts.


LNG Liquefication sub-segment reported six contracts, representing 75% of the total eight LNG contracts, followed by two contracts in the LNG regasification sub-segment.


LNG segment contracts by region in June 2022

North America took the top position with four contracts and a 50% share of the total LNG contracts globally in June 2022, followed by Asia-Pacific with three (38%) contracts.

Contracts by scope of work in LNG segment in June 2022

During the month, the majority of contracts in the LNG segment were awarded in the operations & maintenance with five contracts, followed by design & engineering with four contracts.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.

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